• 4 minutes Your idea of oil/gas prices next ten years
  • 7 minutes WTI Heading for $60
  • 13 minutes Could EVs Become Cheaper than ICE Cars by 2023?
  • 1 day Pence says South China Sea Doesn't Belong To Any One Nation
  • 2 days Anyone holding Nvidia stock?
  • 5 hours Is California becoming a National Security Risk to the U.S.?
  • 19 hours Why does US never need to have an oil production cut?
  • 2 days Germany Discusses Lifting Ban on Deporting Syrians
  • 2 hours US continues imports of Russian gas which it insists Europe should stop buying
  • 2 days UK Power and loss of power stations
  • 2 hours Pros and Cons of Coal
  • 6 hours Trump administration slaps sanctions on Saudis over Khashoggi's death
  • 2 days China Claims To Have Successfully Developed a Quantum Radar That Can Detect 'Invisible' Fighter Jets
  • 2 days I Believe I Can Fly: Proposed U.S. Space Force Budget Could Be Less Than $5 Billion
  • 2 days A Sane Take on Nord Stream 2
  • 22 hours Commission: U.S. Could Lose Wars With Russia, China

Savannah Petroleum Makes Third Oil Discovery In Niger

Oil rig

UK-based independent oil and gas company Savannah Petroleum has made a third oil discovery in Niger in as many months and is extending its drilling campaign in the area.

Savannah Petroleum has discovered oil bearing reservoir sandstones in the Kunama-1 exploration well it had drilled in the Agadem Rift Basin in Southeast Niger, the company said in a statement.

In late April, Savannah Petroleum made its first discovery, the Bushiya Oil Discovery, in the Agadem Rift Basin. In June, the UK company announced its second discovery in the area, the Amdigh Oil Discovery.

All three wells drilled have found light oil, Savannah Petroleum said.

Following the three successful discoveries, the company is extending its drilling campaign by exercising the first of six individual options for six additional well spuds. Drilling will now move on to the Eridal-1 well. The well site preparation is in the final stages of completion and is on schedule to accept the rig after it moves from the Kunama-1 well site.

“The Kunama discovery, following on from Amdigh and Bushiya, provides further encouragement for our plans to establish an early production scheme in Niger, which we expect to be able to provide an update on later in this quarter,” Andrew Knott, CEO of Savannah Petroleum, said.

In the Agadem basin in south east Niger, China National Petroleum Corporation (CNPC) has made 97 discoveries from the last 127 exploration wells. The basin has been in production since 2011 following a first phase of development by a CNPC-led joint venture of the Agadem PSC area, which is adjacent to Savannah permit areas, the UK company says.

Niger is a minor oil producer, with recent production at around 9,000 bpd. Niger, a landlocked country in Africa bordering OPEC’s Nigeria, has other resources—it has two significant uranium mines providing around 7 percent of the world mining output from Africa’s highest-grade uranium ores and is the world’s fourth-ranking producer of uranium.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
-->